【SUNCON 5263 交流专区】双威建筑

icy97

新合约將提振盈利　双威建筑前景乐观

財经 最后更新 2017年09月15日
（吉隆坡15日讯）分析员普遍看好双威建筑集团（SUNCON，5263，主板建筑股）获颁总值5亿8166万令吉的一马公务员公寓（PPA1M）建筑合约，因为可提振该公司中期的盈利能见度，所以部份分析员调高其盈利预测。

马投行分析员说，隨著双威建筑集团获得新订单，推高其手握订单至47亿令吉，同时改善该公司的中期盈利能见度。

「假设该订单的税前盈利赚幅为8%，预期在合约期限內將为公司带来3500万令吉的盈利贡献。」

同时，达证券分析员指出，该公司斩获新订单后，目前的手握订单为2016財政年全年营业额的2.6倍，预计將支撑公司未来2至3年的盈利能见度。

该分析员也补充说，若该工程的税前盈利赚幅为5%，预计將为公司贡献2210万令吉的净利，或相等于每股1.7仙。

展望未来，部份分析员看好该公司將从母公司--双威（SUNWAY，5211，主板贸服股）手中取得新合约项目和大型铁路设施合约，因此上调其盈利预测。

全年新订单將超標

大马投行分析员乐观看待双威建筑前景，也预估该公司全年新订单將超越20亿令吉的目標。若包括上述一马公务员公寓的建筑合约，该公司今年以来贏得的新订单总值为16亿令吉。

「至于2018和2019財政年，该分析员预期其新订单总值將正常化至20亿令吉，主要来自母公司双威颁发的房產项目工程和竞標大型铁路工程合约为主。」

该分析员將2017至2019財政年的盈利预测，分別调高1%至29%。

马投行分析员也称，基于该公司放眼第3轻快铁干线（KVLRT3）、敦拉萨国际贸易中心（TRX）和巴生至吉隆坡路线的快捷巴士（BRT）等基建工程，因此將其2017財政年的新订单补给目標调高至20亿令吉。该公司今年以来所取得的新订单总值为15亿7000万令吉。

该分析员也將2018和2019財政年的盈利预测，分別上修14%和34%。

与此同时，大马投行分析员也將该股的投资评级调高至「买进」，目標价调升至2.60令吉。

其他分析员则认为，该股的股价已全面反映正面因素，因此维持其投资评级。

马银行投行维持该股「守住」评级和2.30令吉目標价；达证券维持该股「卖出」评级和2.26令吉目標价；肯纳格研究分析员也维持「跑输大市」评级和2令吉目標价。【东方网财经】




PPA1M合约可获利3500万．双威建筑合约料创新高
2017-09-15 17:29

icy97

双威建筑包揽21.8亿LRT3工程
Wong Ee Lin/theedgemarkets.com
October 05, 2017 20:54 pm MYT

（吉隆坡5日讯）随着获得国家基建公司（Prasarana Malaysia Bhd）颁发总值21亿8000万令吉的第三轻快铁计划（LRT3）工程，双威建筑（Sunway Construction Group Bhd）的未完成订单增至65亿令吉。

根据今日向大马交易所的报备，该合约是双威建筑承接的第四个高架铁路项目，也是36年来最大的单一工程。

继获得这项合约，双威建筑已经超过补充20亿令吉订单的目标。

集团董事经理Chung Soo Kiong表示：“这使我们今年的补充订单达37亿5000万令吉。未完成订单如今企于65亿令吉，是创立以来的最高纪录，未来盈利的能见度高。”

双威建筑指出，工程期为36个月。

Chung说：“我们很荣幸被委全长37公里，从万达镇至巴生Johan Setia的最长LRT3项目。这将展现我们在基础和岩土工程、土木基础设施、建筑施工和机械、电气和管道专业知识方面的全面一体化能力。”

双威建筑的部分从Kawasan 17开始，并在Taman Sri Andalas结束。

工作范围包括9.2公里的高架桥工程、建设6个车站，以及设计和在巴生河之上建造一座标志性的斜拉桥。

此外，该集团将在Pasar Besar Klang和Sri Andalas建设两座停转乘（park and ride），以及在Johan Setia建一个集中劳工宿舍（CLQ）。

Chung补充：“我们很高兴成为大马基础设施转变计划的一部分，不仅可以进一步向公众提供可靠的替代公共交通工具，还可以增强连接性和减少交通拥堵。在其他工程前景方面，我们目前正在专注于母公司的一些发展项目。”

（编译：陈慧珊）

Type	Announcement
Subject	OTHERS
Description	SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON") - LETTER OF ACCEPTANCE ON LRT3 PROJECT ISSUED BY PRASARANA MALAYSIA BERHAD
The Board of Directors of SunCon is pleased to announce that Sunway Construction Sdn Bhd (“SCSB”), a subsidiary of SunCon, has on 5 October 2017, accepted a Letter of Acceptance issued by Prasarana Malaysia Berhad in respect of the construction and completion of guideway, stations, iconic bridge, park and rides, ancillary buildings and other associated works for Package GS07-08 for Light Rail Transit Line 3 (LRT3) from Bandar Utama to Johan Setia  (“Project”), for a total contract sum of RM2,308,680,000.00, which comprises RM2,178,000,000.00 being the tender sum and RM130,680,000.00 being 6% GST on the tender sum. The Project is for a period of 36 months and is expected to be completed by the fourth quarter of 2020. The Project is expected to contribute positively to the earnings of SunCon Group from the financial year ending 31 December 2017 onwards. Upon the award of the Project, SunCon’s outstanding order book as at to-date amounts to RM6.5 billion. The Project is subject to normal construction risk of materials price fluctuation. However, with the past experiences and expertise of SCSB in construction projects, this risk could be mitigated. None of the directors or substantial shareholders of SunCon or persons connected with them has any interest, whether direct or indirect in the Project. This announcement is dated 5 October 2017.

icy97

双威建筑包揽总值1.4亿合约
Sangeetha Amarthalingam/theedgemarkets.com
October 12, 2017 20:31 pm MYT

（吉隆坡12日讯）双威建筑（Sunway Construction Group Bhd）包揽两项合共1亿4000万令吉的合约，从而推高其未入账订单水平至67亿令吉。

该集团今日向大马交易所报备，两家子公司Sunway Geotechnics（马）私人有限公司（SunGeo）和Sunway Concrete Products（新加坡）私人有限公司（SCPS）各别获得Ahmad Zaki私人有限公司及Chiu Teng Construction Co私人有限公司颁布的决标信（LoA）及意向书（LoI）。

SunGeo将负责为Messrs BBCC Development私人有限公司在汉都亚路（Jalan Hang Tuah）或半山芭路（Jalan Pudu）承建一项综合发展项目的下层结构工程，合约价值为7477万令吉，合约期限为10个月。

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同时，SCPS将在Clementi Neighbourhood 2第三合约的建筑工程提供预制部件，这项工程囊括1179间住宅单位，价值为2088万新元（约6508万令吉），合约期限为21个月。

“这两项工程估计将为双威建筑截至2017年12月31日止财政年及往后财年的盈利，带来进账。

“这些工程将面临材料价格波动的正常施工风险。然而，根据SunGeo过往在无缝打桩项目及SCPS在提供预制部件方面的经验与专业知识，料可降低风险。”

（编译：倪嫣鴽）

Type	Announcement
Subject	OTHERS
Description	SUNWAY CONSTRUCTION GROUP BERHAD (SUNCON) -         LETTER OF AWARD ISSUED BY AHMAD ZAKI SDN BHD-         LETTER OF INTENT ISSUED BY CHIU TENG CONSTRUCTION CO. PTE LTD
The Board of Directors of SunCon is pleased to announce that Sunway Geotechnics (M) Sdn Bhd (“SunGeo”) and Sunway Concrete Products (S) Pte Ltd (“SCPS”), the subsidiaries of SunCon, has on 12 October 2017, accepted the following Letter of Award and Letter of Intent: (a) Letter of Award issued by Ahmad Zaki Sdn Bhd SunGeo has accepted a Letter of Award issued by Ahmad Zaki Sdn Bhd in respect of the Substructure “B2” (Parcel 4 & 5): Earthworks, Piling, Diaphragm Wall, RC Works, Pencawang Masuk Utama (PMU) and Pencawang Pembahagian Utama (PPU) Works for the proposed mixed development on part of the land held under Lot PT143, Seksyen 56 at Jalan Hang Tuah/Jalan Pudu, Kuala Lumpur for Messrs BBCC Development Sdn Bhd at a total contract sum of Ringgit Malaysia Seventy Four Million Seven Hundred Seventy Thousand  Four Hundred and Three and Sen Fifty (RM74,770,403.50) only excluding goods and services tax (“Ahmad Zaki Project”). The Ahmad Zaki Project is for a period of 10 months. (b) Letter of Intent issued by Chiu Teng Construction Co. Pte Ltd SCPS has signed a Letter of Intent issued by Chiu Teng Construction Co. Pte Ltd in respect of the supply and delivery of precast components for the Building Works at Clementi Neighbourhood 2 Contract 3 with total of 1,179 Dwelling Units for a total contract sum of Singapore Dollars Twenty Million Eight Hundred Eighty Four Thousand One Hundred and Thirty (S$20,884,130) only (“Chiu Teng Construction Contract”). The Chiu Teng Construction Contract is for a period of 21 months. (The Ahmad Zaki Project and Chiu Teng Construction Contract are collectively referred to as the “Works”). The Works are expected to contribute positively to the earnings of SunCon Group from the financial year ending 31 December 2017 onwards. Upon the award of the Works, SunCon’s outstanding order book as at to-date amounts to RM6.7 billion. The Works are subject to normal construction risk of materials price fluctuation. However, with the past experiences and expertise of SunGeo in bored piling projects and SCPS in supply of precast components, this risk could be mitigated. None of the directors or substantial shareholders of SunCon or persons connected with them has any interest, whether direct or indirect in the Works. This announcement is dated 12 October 2017.

icy97

双威建筑
合约总值提前达标

2017年10月14日

分析:丰隆投行研究
目标价:2.59令吉

最新进展:

双威建筑（SUNCON，5263，主板建筑股）子公司获得2项总值1.4亿令吉合约，将未完成订单推高至67亿令吉。

其一，Sunway Geotechnics（马），接获阿末查基（AZRB，7078，主板建筑股）旗下公司发出的得标书，将为武吉免登城市中心（BBCC），进行土方、打桩与隔水墙等工程，合约为期10个月，价值7477万403令吉。

其二，Sunway Concrete Products（新），则与九鼎建筑私人有限公司签署为期21个月的意向书，为住宅项目提供预制产品，价值2088万4130新元（约6538万1946令吉）。

行家建议:

年初至今，双威建筑已获总值达37亿令吉的合约，这已达到我们全年预测的标准。

在本财年，如果再获颁任何新合约，都会让我们上调盈利预测。

双威建筑的资产负债表健康，净现金达到3亿6400万令吉或每股28仙，同时投资回酬（ROE）达27%，比同行还高。

我们维持净利预测和“买入”评级，以及2.59令吉的目标价。

有鉴于订单数额高企，执行效率是主要面对的风险。



【e南洋】

icy97

Type	Announcement
Subject	OTHERS
Description	SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON")- TARGETED DATE OF RELEASE OF UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2017
We wish to announce that SunCon targets to release its unaudited financial results for the third quarter ended 30 September 2017 after 5.00 p.m. on Monday, 20 November 2017. This announcement is dated 6 November 2017.

icy97

双威建筑获1.4亿合约

2017年11月15日
（吉隆坡14日讯）双威建筑（SUNCON，5263，主板建筑股）今天宣布，获得总值1亿3982万9624令吉的合约。

双威建筑今天向交易所报备，通过旗下大成双威联营公司，获得来自大马日本通运私人有限公司的合约，为后者设计和建设位于莎阿南第21区的新仓库。

上述项目总值1亿3982万9624令吉，施工期为22个月，预计在2019年第三季完成，期间能够为双威建筑贡献盈利。

大成双威是家联营公司，由日本五大综合建设商之一的大成建设集团，及双威建筑旗下的双威建筑私人有限公司组成，各持50%股权。

在上述项目中，大成建设作为项目牵头合作伙伴。

订单增至68亿

截至目前为止，双威建筑手持订单达到68亿令吉。【e南洋】

Type	Announcement
Subject	OTHERS
Description	SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON") -         LETTER OF ACCEPTANCE ISSUED BY NIPPON EXPRESS (MALAYSIA) SDN BHD TO TAISEI-SUNWAY JOINT VENTURE
The Board of Directors of SunCon is pleased to announce that TAISEI-SUNWAY Joint Venture (“TAISEI-SUNWAY JV”) had on 14 November 2017 accepted the Letter of Acceptance issued by Nippon Express (Malaysia) Sdn Bhd (“Nippon Express”) in respect of the design and build works for Nippon Express’ new warehouse located at Section 21, Shah Alam (“Project”) for a total contact sum of RM139,829,624/-. TAISEI-SUNWAY JV is an unincorporated joint venture formed between TAISEI Corporation (“TAISEI”) and Sunway Construction Sdn Bhd (“SCSB”), a subsidiary of SunCon, for the purpose of bidding for the Project and, if successful, to undertake the Project pursuant to the pre-bid joint venture agreement between TAISEI and SCSB dated 28 September 2017. Upon award of the Project, TAISEI and SCSB will enter into a detailed joint venture agreement with the following proposed equity ratio:- TAISEI – 50% SCSB – 50% TAISEI is a company incorporated in Japan and listed under the Tokyo Stock Exchange with a paid-up capital of JPY122,742 million. TAISEI is in the business of civil engineering, building construction and real estate development. TAISEI will be the lead partner for this Project. The Project is for a period of approximately 22 months and is expected to be completed by third quarter of 2019. The Project is expected to contribute positively to the earnings of SunCon Group from the financial year ending 31 December 2018 onwards. Upon securing the Project, SunCon’s outstanding order book as at to-date amounts to RM6.8 billion. The Project is subject to normal construction risk of materials price fluctuation. However, with the past experiences and expertise of SCSB in construction projects, this risk could be mitigated. None of the directors or substantial shareholders of SunCon or persons connected with them has any interest, whether direct or indirect in the Project. This announcement is dated 14 November 2017.

icy97

双威建筑68亿合约推3年盈利

2017年11月16日

分析：丰隆投行研究
目标价：2.59令吉

最新进展；

双威建筑（SUNCON，5263，主板建筑股）旗下大成双威，获得大马日本通运私人有限公司颁发，总值1亿3982万9624令吉的合约。

由日本五大综合建设商之一的大成建设集团和双威建筑联营的大成双威，将会设计和建设位于莎阿南第21区的新仓库。施工期为22个月，预计在2019年第三季完成。

行家建议：

以双威建筑在联营公司的50%股权计算，这项合约可分得6990万令吉的价值。

双威建筑今年至今共赢得37亿令吉的订单，早已超越年初管理层的20亿令吉目标。

在过去3个月，该公司成功取得两项重量级合约，包括总值22亿令吉的轻快铁路线3，以及价值5亿8200万令吉的一马公务员房屋（PPA1M）。

再加上其他小规模合约，订单已经达到68亿令吉的创纪录水平，是2016财年营业额的3.8倍，可贡献未来3年的强劲盈利表现。

我们看好该公司的强劲执行能力，可在建筑上涨周期中充分获利，目标价维持在2.59令吉，建议买入。



【e南洋】



联营公司获1.4亿合约．双威建筑39亿订单达标

（吉隆坡15日讯）双威建筑（SUNCON，5263,主板建筑组）和日本大成建设株式会社（Taisei）合组的联营公司——大成双威（Taisei-Sunway）获得大马日本运通公司（NipponExpress）总值1亿3982万9624令吉合约，为后者沙亚南新仓库提供设计与建设服务。

合约为期22个月，料在2019年第三季竣工。

根据联营协议，双威建筑和大成建设株式会社各持有联营公司50%股权。

分析

大马投行对此最新进展持正面看法，这将令该集团今年至今的工程订单增至39亿6000万令吉，大致接近该行假设的全年39亿令吉订单额。

至于该集团手上尚进行的工程订单则增至67亿令吉。

该行继续看好双威建筑具良好盈利可见度、赢得新合约的强大能力和良好营运纪录。

丰隆研究指出，双威建筑今年来取得的新合约已达37亿令吉，超越该集团今年初所指引的20亿令吉新合约。

过去3个月，双威建筑取得的新合约令合约订单增加逾50%至68亿令吉的纪录高峰，相比第二季为43亿令吉，同时相等于其去年营收的3.8倍，提供了未来3年的强劲盈利可见度。

马银行研究表示，根据50%计算，双威建筑可分享此合约的7000万令吉，假设税前赚幅8%，估计在建筑期间贡献430万令吉净利（每股盈利0.33仙）。

该行保持财测不变，因已预期双威建筑今年可取得40亿令吉合约，该集团今年至今已取得38亿令吉合约。



文章来源：
星洲日报‧财经‧2017.11.15

Tony-Pua

双威建筑第三季净利增11%
2017年11月21日
http://www.enanyang.my/news/20171121/双威建筑第三季净利增11/

（吉隆坡20日讯）建筑业务报捷，双威建筑（SUNCON，5263，主板建筑股）2017财年第三季，净利按年增长11%。

该公司向交易所报备，净利从去年同期3113万5000令吉，或每股2.41仙，提高至3458万6000令吉，或每股2.68仙。

该季营业额也从去年的3亿8105万4000令吉，年升29%至4亿9136万令吉。

双威建筑在财报中指出，由于建筑业务贡献提高，抵消了来自预制业务按年减少的影响；整体赚幅按年萎缩，也是归咎于预制业务收入减少。

在建筑业务，营业额按年增57%至4亿7170万令吉，税前盈利年升46%至4070万令吉，归功于捷运第一路线（MRT1）工程配套V201，和布城“Parcel F”项目进展顺利。不过，该业务赚幅却从的9.3%，下跌至今年的8.6%。

而预制业务营业额年跌76%至1960万令吉，税前净利暴挫81%至240万令吉；赚幅12.2%，比去年同期15.7%低。

首九月净利破亿

累计首九个月，该公司净利报1亿600万8000令吉或每股8.2仙，年升16%；营业额录得13亿2812万3000令吉，年增7.5%。

展望未来，董事经理钟树强在文告中指，有信心在基建项目发展扶持下，能够持续交出亮眼业绩。

5263    SUNCON    SUNWAY CONSTRUCTION GROUP BERHAD

Quarterly rpt on consolidated results for the financial period ended 30/09/2017

Quarter: 3rd Quarter Financial Year End: 31/12/2017 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 30/09/2017 30/09/2016 30/09/2017 30/09/2016 RM '000 RM '000 RM '000 RM '000 1 Revenue 491,360 381,054 1,328,123 1,235,695 2 Profit/Loss Before Tax 43,072 40,396 130,004 116,031 3 Profit/(loss) attributable to ordinary equity holders of the parent 34,586 31,135 106,008 91,455 4 Net Profit/Loss For The Period 34,478 31,280 105,822 91,645 5 Basic Earnings/Loss Per Shares (sen) 2.68 2.41 8.20 7.07 6 Dividend Per Share (sen) 3.00 0.00 3.00 6.50 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 0.4200 0.3800

icy97

双威建筑全年财测下修10.5%

2017年11月22日

分析：达证券
目标价：2.65令吉

最新进展：

建筑业务报捷，让双威建筑（SUNCON，5263，主板建筑股）在2017财年第三季，净利按年增长11%，至3459万令吉，或每股2.68仙。

该季营业额也从去年的3亿8105万令吉，年升29%至4亿9136万令吉。

由于建筑业务贡献提高，抵消了来自预制业务按年减少的影响；整体赚幅按年萎缩，也是归咎于预制业务收入减少。

累计首九个月，该公司净利报1亿601万令吉或每股8.2仙，年升16%；营业额录得13亿2812万令吉，年增7.5%。

行家建议：

双威建筑在首九个月的表现，低于我们预期，但符合其他投行预测。

因此，我们下调今年建筑和预制业务的营业额预测，分别减少2.7%和46.7%，也对部分项目赚幅预测做微调。

由此，我们下修2017财年净利预测10.5%。

双威建筑目前正竞标总值超过150亿令吉的土木和基建工程项目；年初至今共获37亿令吉新订单，目前手持订单达68亿令吉，能够为未来三至四年贡献盈利。

我们维持“买入”投资评级和2.65令吉目标价。



【e南洋】




业绩亮眼•68亿合约支撑‧双威建筑前景看俏

（吉隆坡21日讯）双威建筑（SUNCON,5263,主板建筑组）业绩亮眼，符合分析员预测，且手握68亿令吉合约，而建筑领域仍在扬升趋势，前景续看俏。

建筑领域处上升轨道

肯纳格研究表示，该公司首9个月核心盈利报1亿零200万令吉，相等于全年盈利预测的70%，表现符预期。

MIDF研究表示，该公司手握68亿令吉合约，相等于2018财政年营业额的3.1倍，可支撑未来36个月的业绩表现。

丰隆研究补充，开年至今，该公司共攫取了37亿令吉合约，比预定中的20亿令吉目标还要高出甚多。

丰隆青睐双威建筑，因该公司合约强劲，是管理与执行能力属于上乘的承包商，值得一提的是建筑领域正处于扬升期间。

大马投行也相当喜爱该公司，主要是手上合约可支撑未来2至3年的业绩表现、基建领域蓬勃发展，有望攫取更多合约，而该公司也涉足铁路发展，此外，该公司与众多大型公司皆有业务上往来。

该公司目前正在竞标的合约总值超过150亿令吉，主要类型以土木工程及基建为主。

每年可攫取20亿合约

大马投行认为，该公司今年攫取的合约甚多，预期2018及2019财政年将恢复正常，每年可攫取20亿令吉合约。

达证券将该公司的建筑与预制组件营业额假设分别下调2.7%及46.7%，因此将2017财政年的盈利预测下砍10.5%。

该行补充，按季对比，该公司净现金从3亿6419万减少至3亿2800万令吉，相等于每股25.4仙。

文章来源：
星洲日报／财经·文：谢汪潮·2017.11.21

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Type	Announcement
Subject	OTHERS
Description	SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON") - INCORPORATION OF SUBSIDIARY COMPANY
The Board of Directors of SunCon is pleased to announce that pursuant to Chapter 9, Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Sunway Construction Sdn Bhd (“SCSB”), a wholly-owned subsidiary of SunCon, has on 24 November 2017, incorporated a wholly-owned private limited company known as Sunway Innopave (S) Pte Ltd (“Sunway Innopave (S)"). Sunway Innopave (S) is a company incorporated in Singapore and has a paid-up share capital of SGD100.00 comprising 100 ordinary shares. Its intended principal activity is investment holdings. None of the directors or substantial shareholders of SunCon or persons connected with them has any interest, whether direct or indirect in the aforesaid incorporation. This announcement is dated 24 November 2017.

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怡保工程双威竞标隆新高铁

（吉隆坡4日讯）怡保工程（IJM，3336，主板建筑组）、双威建筑（SUNCON，5263，主板建筑组）、Jalinan Rejang和Maltimur Resources将组成财团，竞标隆新高铁项目。

该4家公司是继金务大（GAMUDA,5398,主板建筑组）与马资源（MRCB,1651,主板产业组）宣布联手后，表态组成财团竞标的公司。

根据文告，怡保工程和双威建筑等公司已签署协议，联手争取成为隆新高铁的计划交付伙伴（PDP），4家公司各占25%股权。

资料显示，Maltimur Resources及Jalinan Rejang是砂拉越北婆罗洲大道有限公司（Lebuhraya Borneo Utara）股东，分别持股55%和45%；砂拉越北婆罗洲大道有限公司是泛婆罗洲大道（Pan Borneo Highway）项目的计划交付伙伴。

文章来源：
星洲日报‧财经‧2017.12.05

Type	Announcement
Subject	OTHERS
Description	SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON") - PRE-BID AGREEMENT BETWEEN IJM CONSTRUCTION SDN BHD, SUNWAY CONSTRUCTION SDN BHD, MALTIMUR RESOURCES SDN BHD AND JALINAN REJANG SDN BHD
The Board of Directors of SunCon is pleased to announce that Sunway Construction Sdn Bhd (“SCSB”), a wholly-owned subsidiary of SunCon, has on 29 November 2017 entered into a pre-bid agreement (“Agreement”) with IJM Construction Sdn Bhd, Maltimur Resources Sdn Bhd and Jalinan Rejang Sdn Bhd (collectively referred to as “Parties”) to work with each other on an exclusive basis to participate in the tender for the Project Delivery Partner for the project known as “Kuala Lumpur - Singapore High Speed Rail” (“Project”). The Parties have set up a consortium on a 25:25:25:25 basis known as IJM Construction Sdn Bhd - Jalinan Rejang Sdn Bhd - Maltimur Resources Sdn Bhd - Sunway Construction Sdn Bhd Consortium (“Consortium”) for the submission of the tender and to undertake the Project in the event the bid is successful. SunCon will make the necessary announcement to Bursa Malaysia Securities Berhad if the Consortium has successfully secured the Project. None of the directors or major shareholders of SunCon or persons connected with them has any interest, whether direct or indirect in the Agreement and/or Project. This announcement is dated 4 December 2017.

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双威建筑
今年可多赚45%

2018年1月18日

分析:马银行投行研究
目标价：2.63令吉

最新进展

双威建筑（SUNCON，5263，主板建筑股）在2017年成功拿下总值40亿令吉的新合约，现手持未完成订单创下历史新高68亿令吉。

股价也表现出色，由2017年初至今已涨52%。

另外，双威建筑在去年也宣布了与IJM（IJM，3336，主板建筑股）以及两家私人公司联手成立财团，一起竞标隆新高铁工程交付伙伴（PDP）合约。

行家建议

双威建筑放眼今年可在新增20亿令吉订单。我们预计新合约会源自于敦拉萨国际贸易中心（TRX）和双威（SUNWAY，5211，主板贸服股）旗下的产业发展项目。

我们保守估计，双威建筑可在今年拿下总值15亿令吉的新订单。另外，因去年公司拿下不少新合约，今年净利年增长可达45%。

双威建筑股价现处于2018财年15.9倍本益比的水平，因此我们相信估值尚算合理。

由于股价已触及我们的目标价2.63令吉，因此将投资评级由“买入”下修至“守住”。继续看好双威建筑，但我们在等候下一个催化剂的出现。



【e南洋】

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双威建筑与新加坡上市公司联手标地
Emir Zainul/theedgemarkets.com
January 30, 2018 20:21 pm +08

（吉隆坡30日讯）双威建筑（Sunway Construction Group Bhd）与新加坡上市的丰隆亚洲有限公司（Hong Leong Asia Ltd）合作，联手竞标新加坡建设局（BCA）的一幅租赁地。

根据双威建筑今日向大马交易所的报备，如果得标，两家公司计划开发该地，用于制造和销售预制混凝土建筑构件。

双威建筑表示，联营计划将令集团长期受益，因将进一步提高生产力，并减少对外劳的依赖，以及深化在新加坡的地位。

该集团指出，独资子公司Sunway Concrete Products（新加坡）私人有限公司（SCPS）已与丰隆亚洲旗下的预制混凝土子公司HL Building Materials私人有限公司，就联营签署一项协议。

HL-Sunway JV私人有限公司的主要业务是制造和销售预制混凝土构件。SCPS将持有联营公司的49%股权，而HL Building Materials持余下的51%。

双威建筑称，联营公司将提交标书，进行和完成投标。

“如果得标，联营公司将与BCA签订租赁协议和建筑协议。之后，联营公司将开发并占用该地，用作HL Building Materials和SCPS的相关业务。”

双威建筑说，联营也将使该集团的预制方法提升至最佳工业实践。

“SCPS在联营公司的股权将通过土地租赁的内部资金，而建设机械化厂房的资金将来自一些外部贷款。”

“双威建筑有信心，所提议的联营计划是维持在这行业地位的正确方向。迄今为止，这为集团带来不俗的赚幅。”

这项联营计划预计对双威建筑的未来盈利作出贡献。


（编译：陈慧珊）

Type	Announcement
Subject	OTHERS
Description	SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON")- JOINT VENTURE BETWEEN SUNWAY CONCRETE PRODUCTS (S) PTE LTD AND HL BUILDING MATERIALS PTE LTD
The Board of Directors of SunCon wishes to announce that Sunway Concrete Products (S) Pte Ltd, an indirect wholly-owned subsidiary of SunCon, has on 30 January 2018 entered into a Joint Venture Agreement (“JV Agreement”) with HL Building Materials Pte Ltd, a subsidiary of Hong Leong Asia Ltd.  Under the JV Agreement, a joint venture company has been established to tender for the lease of land in Singapore (the “Proposed Joint Venture”) from the Building and Construction Authority. Please refer to the attachment below for further details on the Proposed Joint Venture. This announcement is dated 30 January 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5680729

Attachments SunCon - Joint Venture btw HLBM n SCPS (Bursa).pdf

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Type	Announcement
Subject	OTHERS
Description	SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON")- TARGETED DATE OF RELEASE OF UNAUDITED FINANCIAL RESULTS FOR THE FOURTH QUARTER ENDED 31 DECEMBER 2017
We wish to announce that SunCon targets to release its unaudited financial results for the fourth quarter ended 31 December 2017 after 5.00 p.m. on Monday, 26 February 2018. This announcement is dated 12 February 2018.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2017	31 Dec 2016	31 Dec 2017	31 Dec 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	748,167	553,149	2,076,290	1,788,844
2	Profit/(loss) before tax	44,173	37,646	174,177	153,677
3	Profit/(loss) for the period	32,128	31,993	137,950	123,638
4	Profit/(loss) attributable to ordinary equity holders of the parent	31,804	32,064	137,812	123,519
5	Basic earnings/(loss) per share (Subunit)	2.46	2.47	10.66	9.55
6	Proposed/Declared dividend per share (Subunit)	4.00	0.00	7.00	6.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.4300		0.3800

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EX-date	21 Mar 2018
Entitlement date	23 Mar 2018
Entitlement time	05:00 PM
Entitlement subject	Second interim dividend
Entitlement description	Second interim single tier dividend of 4 cents per ordinary share for the financial year ended 31 December 2017
Period of interest payment	to
Financial Year End	31 Dec 2017
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SUNWAY MANAGEMENT SDN BHDLevel 16, Menara SunwayJalan Lagoon TimurBandar Sunway47500 Subang JayaSelangor Darul EhsanTel: 03-56398889Fax: 03-56399507
Payment date	19 Apr 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	23 Mar 2018
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.04

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双威建筑上季获利虽走低．放眼今年攫20亿新订单

（吉隆坡27日讯）虽然双威建筑（SUNCON，5263，主板建筑组）第四季获利走低，但分析员认为，该公司截至目前手握66亿令吉订单，并放眼今年攫取最多20亿令吉新订单，足以支持2018年获利成长。

针对该业绩表现，兴业研究指出，尽管该公司第四季营业额增加35.3%，但税前赚幅却仅录得5.3%，较过2017年首三季9.5%来得低。原因是在第四季大部份入账建筑订单，来自建筑物和内部工程，大约占了80%以上，而基建工程订单仅占20%左右。

财测上调

在考虑了新填补订单目标调高、税前获利赚幅以及预铸业务入账减半等因素后，肯纳格研究决定调高该公司2018年核心获利1.7%，并预测2019年核心获利，将走高至1亿9280万令吉。

马银行研究指出，双威建筑手上握有庞大订单，将继续推动今年获利成长，而且在今年初新订单也接踵而来。截至2018年2月为止，该公司已经获颁4亿5600万令吉订单，并放眼在今年获得取得15亿至20亿令吉新订单目标。

艾芬黄氏研究也指出，以该公司60多亿未完成订单以及预测在2018年攫取约20亿令吉新订单来看，2018年每股获利有望按年成长31%。

竞标隆新高铁

丰隆研究认为，双威建筑近期最大竞标案是隆新高铁工程。该公司与两家本地建筑公司组成财团共同竞标。

兴业分析，若该公司赢得隆新高铁交付合作伙伴（PDP）项目，股价估值将成长22%或30仙至3令吉。

另外，肯纳格也特别指出，对比其他隆新高铁竞争对手，如：金务大（GAMUDA，5398，主板建筑组）等公司，该公司占了很大的优势。



文章来源：
星洲日报‧财经‧报道：傅文耀‧2018.02.27

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Type	Announcement
Subject	OTHERS
Description	SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON") -  AWARD OF PROJECT BY SUNWAY REAL ESTATE INVESTMENT TRUST
The Board of Directors of SunCon is pleased to announce that Sunway Construction Sdn Bhd (“SCSB”), a subsidiary of SunCon, has on 27 February 2018, accepted the Letter of Award issued by SA Architects Sdn Bhd, on behalf of Sunway REIT Management Sdn Bhd, which acts as the Manager for Sunway Real Estate Investment Trust (“Sunway REIT”), appointing SCSB as the project delivery partner for the planning, coordination, construction and completion of the proposed expansion of a 9-storey commercial development to the existing Sunway Carnival Shopping Mall consisting of 3-storey retail, sub-basement retail, 6 storey podium carpark and basement carpark situated on Lot No. 5493, 5497, 5498, 5499 and 10299, Mukim 1, Pusat Bandar Seberang Jaya, Seberang Perai Tengah, Pulau Pinang for a total contract sum of RM274,000,000 (“Project”). The Project is for a period of 32 months from the date of commencement i.e. 15 March 2018, and is expected to be completed by 14 November 2020. The Project is expected to contribute positively to the earnings of SunCon from the financial year ending 31 December 2018 onwards. Upon securing the Project, SunCon’s outstanding order book as at to-date amounts to RM6.7 billion. The Project is subject to normal construction risk of materials price fluctuation. However, with the past experiences and expertise of SCSB in construction projects, this risk could be mitigated. The Project is a related party transaction by virtue of SunCon and Sunway REIT having common major shareholders/unitholders. Sunway Berhad (“Sunway”) is a major unitholder of Sunway REIT. Tan Sri Dato’ Seri Dr Jeffrey Cheah Fook Ling, Puan Sri Datin Seri (Dr) Susan Cheah Seok Cheng, Sarena Cheah Yean Tih, Evan Cheah Yean Shin, Adrian Cheah Yean Sun, Sungei Way Corporation Sdn Bhd and Active Equity Sdn Bhd, being major shareholders of Sunway, also have deemed interests in Sunway REIT via Sunway. Sunway, Tan Sri Dato’ Seri Dr Jeffrey Cheah Fook Ling, Puan Sri Datin Seri (Dr) Susan Cheah Seok Cheng, Sarena Cheah Yean Tih, Evan Cheah Yean Shin, Adrian Cheah Yean Sun, Sungei Way Corporation Sdn Bhd and Active Equity Sdn Bhd are also major shareholders of SunCon. SunCon has obtained its shareholders’ mandate for such recurrent related party transactions entered into or to be entered into by SunCon and its subsidiaries with Sunway REIT at its last annual general meeting held on 15 June 2017. This announcement is dated 27 February 2018.

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON") -  DISPOSAL OF SUBSIDIARY TO RELATED PARTY
1. INTRODUCTION We wish to announce that Sunway Construction Sdn Bhd (“SCSB”), a wholly-owned subsidiary of SunCon, has on 8 March 2018, disposed its entire equity interest comprising 1,000,000 ordinary shares in Sunway GD Piling Sdn Bhd (“Sunway GD Piling”) to the following transferees (“Disposal”):- Name of Transferor Name of Transferee No. of Shares Consideration (RM) Sunway Construction Sdn Bhd Sunway City Sdn Bhd 700,000 795,284/- Sunway Construction Sdn Bhd Chang Kim Long 700,000 340,836/- TOTAL: 1,000,000 1,136,120/- 2. INFORMATION ON SUNWAY GD PILING Sunway GD Piling is incorporated on 31 May 2005 and its paid-up share capital is RM1,000,000 comprising 1,000,000 ordinary shares. Sunway GD Piling is presently dormant and has ceased operation. Upon completion of the Disposal, Sunway GD Piling has ceased to be a subsidiary of SCSB. 3. INFORMATION ON SUNWAY CITY SDN BHD (“SunCity”) SunCity is incorporated on 13 July 1982 and its paid-up share capital is RM251,447.14 comprising 250,000 ordinary shares and 144,714 Non-Convertible Non-Cumulative Redeemable Preference Shares. The principal activity of SunCity is investment holding. SunCity is a subsidiary of Sunway Berhad, which in turn is a major shareholder of SunCon. 4. TOTAL COST AND THE DATE OF INVESTMENT The total cost of investment in Sunway GD Piling amounted to RM1,000,000/- made in 2005 and 2008. 5. BASIS OF CONSIDERATION The disposal consideration of RM1,136,120/- was arrived at based on the net book value of Sunway GD Piling as per its audited financial statements for the financial year ended 31 December 2017. 6. APPROVAL REQUIRED The Disposal is a related party transaction by virtue of SunCity being a subsidiary of the Company’s major shareholder, Sunway Berhad. However, the Disposal does not require the approval of the shareholders of SunCon. 7. RATIONALE The Disposal is part of the Group’s continuing effort to streamline its organization structure by disposing of or winding up/striking off its dormant company(ies) from time to time. 8. EFFECT OF THE DISPOSAL The Disposal is not expected to have any material effect on the earnings per share, net assets per share and gearing of SunCon, and it has no effect on SunCon’s share capital and substantial shareholders’ shareholding. 9. DIRECTORS AND/OR MAJOR SHAREHOLDERS’ INTEREST Evan Cheah Yean Shin is a Director and major shareholder of SunCon as well as director of several subsidiaries and major shareholder of Sunway Berhad. Tan Sri Dato’ Seri Dr Jeffrey Cheah Fook Ling, Puan Sri Datin Seri (Dr) Susan Cheah Seok Cheng, Sarena Cheah Yean Tih, Adrian Cheah Yean Sun, Sungei Way Corporation Sdn Bhd and Active Equity Sdn Bhd are major shareholders of both SunCon and Sunway Berhad. Dato’ Chew Chee Kin is a Director of SunCon and Sunway Berhad as well as a member of the Board of Management of Sunway Berhad. Mr Chung Soo Kiong is a Director of SunCon as well as a member of the Board of Management of Sunway Berhad. Save as disclosed above, none of the directors and/or major shareholders of SunCon or persons connected with them has any interest, whether direct or indirect, in the Disposal. 10. AUDIT COMMITTEE’S RECOMMENDATION The Audit Committee of SunCon, after having considered all aspects of the Disposal, is of the opinion that the Disposal is in the best interests of SunCon and is not detrimental to the interests of the non-interested shareholders of SunCon. The Audit Committee is of the view that the Disposal is fair, reasonable, at arms’ length and on normal commercial terms. 11. STATEMENT BY BOARD OF DIRECTORS Save and except for Evan Cheah Yean Shin, Dato’ Chew Chee Kin and Chung Soo Kiong, who are the interested parties, the Board of Directors is of the opinion that the Disposal is in the best interest of SunCon. This announcement is dated 8 March 2018.

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